Question
2-5. If a discrete presentation is used for the financial data of a component unit in the statement of net assets of a governmental
2-5. "If a discrete presentation is used for the financial data of a component unit in the statement of net assets of a governmental financial reporting entity, there is no need for the component unit to issue a separate financial report." Is this statement true or false? What other method may be allowed to include a component unit's financial information with that of the reporting entity?
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Core concepts of accounting information systems
Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman
13th edition
978-1-119-0332, 1118742931, 978-1118742938
